Sina Tech News reported on the evening of July 16 that Paytm, India's largest e-wallet, has now submitted a listing prospectus, taking a critical step in listing. Currently,Ant GroupIt holds 30% of Paytm's shares. According to foreign media reports, in order for Paytm to comply with listing rules, Ant Group is expected to sell about 5% of Paytm's shares.

On July 16, Paytm's prospectus on the Securities and Exchange Commission of India website showed that Paytm has been actively driving the development of local inclusive finance and digital life in recent years, and has expanded into e-commerce, cloud services, and integrated financial services. As of March 2021, it has served 333 million registered users and 21 million merchants.

The funds raised from the listing will be used to develop Paytm's own digital ecosystem, including gaining more customers and merchants, providing more technology and financial services, and will also be used to develop innovative businesses and establish strategic partnerships.

At the same time, according to local requirements, the shareholding ratio of a single major shareholder (regardless of country) of an Indian listed company cannot exceed 25%. Paytm's current issuance structure will include the sale of some old shares and additional new shares. According to foreign media reports, Ant Group is expected to sell about 5% of Paytm's shares to comply with this listing rule. (Wen Meng)